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EXL Partners with NominoData for Anti-money Laundering and Know-your-customer Compliance Solutions

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EXL Partners with NominoData for Anti-money Laundering and Know-your-customer Compliance Solutions

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March 18, 2014
By Mandira Srivastava
TMCnet Contributor

At the occasion of International AML & Financial Crime Conference, EXL, a business process solutions company, has announced a partnership with NominoData LLC, a technology company formed to help clients with worldwide identity, compliance, and risk management issues associated with modern day commerce.


This partnership will allow banks and financial services organizations to manage risk, governance, and reporting associated with anti-money laundering (AML) and "know your customer" (KYC) regulations.

The partnership will be featured at the ACAMS Moneylaundering.com 19th Annual International AML and Financial Crimes conference March 17-19, 2014 in Hollywood, FL.

EXL integrates analytics, compliance process optimization, and financial operations management services to boost risk coverage, governance and reporting.

 Shiv Kumar, EXL's Global Head, Strategic Growth Initiatives and Banking/Financial Services, said, "EXL understands the rigors of establishing robust compliance programs, and with NominoData's investigation expertise, database tools and monitoring solutions, we help our clients effectively manage regulatory expectations."

NominoData's flagship solutions include CheckforRisk Negative News Plus and OFAC Plus, a comprehensive Sanctions management solution.

EXL will use NominoData's automated compliance screening and entity monitoring as well as custom tools for negative news, database searches, OFAC screening and high-risk watch lists.

The ACAMS Moneylaundering.com 19th annual conference is expected to attend by leading banks, securities firms, and government and law enforcement agencies to discuss best practices, methods, and trends to mitigate the impact of financial crime.

Rob Goldfinger, President, NominoData, said in a statement, "We know the challenges resulting from heightened regulatory scrutiny, transparency demands and risk management needs. As a former law enforcement official, I know how important it is to get relevant risk information and practical, accurate reporting. Our solution combined with EXL's understanding of compliance, governance, and financial operations will bring a compelling value proposition to the market."




Edited by Cassandra Tucker

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